DeHeng Advised Fengpu Industrial and Hangzhou Bay Development on Completing Investment in China's First AIC Technology Innovation Fund

2022-01-07

Recently, Shanghai Gongrong Technology Innovation Private Equity Fund was officially established, with a total managed funds of RMB 10 billion, with the first installment of RMB 1 billion. The fund is the first pure private equity investment fund among asset investment companies (AIC) in China, and was jointly initiated by ICBC Capital under ICBC, JZ Capital, and Zhong Ou AMC in Shanghai. 

The DeHeng team was led by partner Xu Dong and consultant Zhang Ning, with support from associate Xu Zhangqi and paralegal Li Yue. They provided legal services including due diligence on fund managers and general partners, review of fund documents and assistance in closing, assisting Shanghai Fengpu Industrial and Hangzhou Bay Development in successfully completing investment in the fund.